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 Price : US$ 116,500 Type : Land - Land
Land - Sea View
REF : DOM0173 

Dominica : Picard, Near Portsmouth

 

WITHDRAWN


Dominica Picard Land for Sale


 




0.55 acres of elevated land with distant views of the Caribbean sea, ideal for a home or small apartment building.

Dominica Picard

Dominica Picard

The land, which is generally gently sloping, includes a number of mature trees and shrubs.

Dominica Picard

This land is within approx. 30 feet of a paved secondary road and conveniently located close to main utilities.

Dominica Picard

Dominica Morne Picard


This land is ideal for a home or a small apartment building to serve Ross University which is a 5 minute drive away.

For further information on this property click on the Contact Us buttons at the top or bottom of this page.


 

Buying Property in Dominica

Alien Landholding License
Under a revision of the law in April 2008, all foreign buyers are required to pay an Alien Landholding fee of 10% of the property value to the Dominica government. Foreigner's buying more than 1 acre of land for personal use, or more than 3 acres of land for business purposes, are also required to apply to the government for an Alien's Land Holding License, which can take several months to process.

Dominica Transfer Fees
Transfer fees on real estate are payable by the purchaser and total 20.5% of the property value :-
10% alien landholders fee
4% stamp duty
2.5% judicial fees
1% assurance fund
3% legal fees

The seller has to pay 2.5% stamp duty on the market value of the land being sold.

Planning Permission
All new construction, changes to existing buildings, or changes of use, require planning permission. In most cases permission is granted within 8 weeks of making an application.

The entire buying process is relatively simple and often purchases of homes or small parcels of land not requiring the approval of an Alien Landholders License, can be completed in a matter of one to two weeks. Where an Alien Landholders License is required, the buying process can usually be completed in 4 to 6 months

For further details, CLICK HERE or on the button on this page buying in Dominica

 

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Last Updated On 18 Jul 2018